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Overseas Property News
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Top 10 Overseas Property Investments in 2010 - 10
Country: South Africa
10. Property in South Africa
South African property market conditions look ripe for investment, as the country starts to come out of recession. Recent property price falls appear to be bottoming out, while FIFA’s 2010 football World Cup fast approaches. From the moment world football’s governing body, FIFA, awarded South Africa the rights to host the World Cup in 2010, shrewd property investors from around the globe have been looking on with great interest, with one eye firmly on cashing in on the sport’s popularity. The first ever FIFA World Cup to be hosted on African soil has the potential to be the biggest sporting event of all time. The tournament is expected to attract around 350,000 football fans for a month of football mayhem, starting on 11 June 2010, which is tipped to contribute around £1.5bn to South Africa’s gross domestic product and generate another £500m in government taxes. South African property prices haven softened over the past year or so, due to a fall in residential demand, caused by reduced housing affordability, higher inflation and interest rates. But residential prices could soon experience growth, on the back of what should be a reinvigorated economy, spurred by the football tournament. While the odds may be stacked up against the South African football winning the World Cup in 2010, it is not too far fetched to assume that the country’s housing market could prove to be the real winner of the tournament, generating significant returns for property investors in the process.
See Also: Marc Da-Silva, South Africa
Some properties in South Africa
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Price: £97,850
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Type: Apartment
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Bedrooms: 2
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Country the property is in: South Africa
Region the property is in: Western Cape
Town the property is in: Cape Town
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Price: £106,245
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Type: Apartment
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Bedrooms: 2
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5 spacious recently smartly renovated apartments in beautiful historic sandstone building. 4 x 2 bedrooms, 1 double storey 4 bedroomed unit, terraced gardens,sea views over bay, harbour and mountains
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Price: £185,000
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Type: House
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Bedrooms: 4
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4 bedroom, 2 bathroom, house in Linden, Johannesburg, with a cottage at back and a pool, parking for 5 cars, plus 2 garages. The plot of land is ¾ of an acre, or 3,000sqm.
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Price: £190,000
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Type: New Home
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Bedrooms: 3
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By combining a unique wildlife estate with the world famous beaches of Jeffreys Bay, Savuti Estate has brought together the best of both worlds. Truly wildlife living by the sea!
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View details | Enquire further
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Price: £204,620
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Type: House
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Bedrooms: 4
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A beautiful family home in this popular wildlife estate. This house has it all and is being sold with all furniture and kitchen appliances, so a hassle free investment as a holiday home or move the whole family to the bush.
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View details | Enquire further
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Price: £255,775
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Type: House
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Bedrooms: 4
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Come Home to the Bush!
Beautiful, private family home in a secure Wildlife Estate. Open design flows to infinity pool that overlooks a waterhole. Sip cocktails and watch the animals come and drink.
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Price: £280,000
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Type: New Home
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Bedrooms: 4
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By combining a unique wildlife estate with the world famous beaches of Jeffreys Bay, Savuti Estate has brought together the best of both worlds. Truly wildlife living by the sea!
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View details | Enquire further
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Price: £281,352
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Type: House
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Bedrooms: 4
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Double storey multi-level family home with stunning sea view plus 3 self-contained flats
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Price: £350,000
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Type: New Home
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Bedrooms: 4
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By combining a unique wildlife estate with the world famous beaches of Jeffreys Bay, Savuti Estate has brought together the best of both worlds. Truly wildlife living by the sea!
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View details | Enquire further
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Price: ZAR 2,000,000
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Type: Villa
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Bedrooms: 4
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Real Estate this close to the beach do not become available every day. Mediterranean climate, Pristine white sandy beach. The freshest air on the planet and 360 days of sunshine a year.
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View details | Enquire further
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